As such, it is necessary to learn how to properly identify rehab costs and there are literally hundreds of threads on here on that topic, many of which I have gone into great detail on as have others.As an example, two identical houses on same street, model matches.

What is the proper process to successfully partner with others? 

You can literally buy your wealth, and constantly be lowering your debt ratio with proper planning and execution. 

The sellers accepted the offer and signed it, but after 2 or 3 times of asking for the info and fixing the disclosure sheet, we still did not get any information or the disclosure sheet filled out properly.

In the case of C-class, the management must be firm and fair...without proper stopgap measures to make sure that tenants pay, things can get away from you. 

Anywhere, even Shreveport is a good place to invest if you have the right strategy and buy properties properly.

We would like to know how to properly transfer the leases from the tenants to us so that we receive the rents from now on.  

If so, the test for corporate (business) limited liability is whether the corporation is separate from the individual, whether the business holds itself out as the owner rather than the individual and whether the business is properly capitalized to avoid foreseeable loss.If you have good insurance, that's basically the same thing as being properly capitalized to avoid foreseeable loss, but you have to realize that any injury over the $1mm mark is probably coming out of your assets. 

@Will Fraser @Son Tran, like everywhere else in Oklahoma City proper, conditions and values vary vastly from block to block.  

@Michael Noto, @Mathew Allen, @Ryan Luby, code requires the following:Must be at least 70 sq ft, minimum 7ft in each directionCeiling height of at least 7ftDirect access from a hallway or communal space (not from another bedroom)Second means of egress; either a door directly outside or a window at least 20" (H) x 24" (w)Proper lighting and ventilation; usually window(s) that is at least 8% of wall areaAt least 2 electrical outletsPermanent heat source that can maintain 68 degrees (space heaters don't count)Curiously, closets are not required by code, but a generally expected by tenants.